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Mortgage Broker News | 09 Mar 2018, 03:11 PM Agree 0
Samantha Brookes, CEO and founder of Mortgages of Canada says that even though B-20 has made securing mortgages more difficult, it's by no means an insurmountable task
  • Broker Riel | 09 Mar 2018, 03:47 PM Agree 0
    Please show me one case where someone got sued for not being able to secure their financing. If you are referring to a buyer who blatantly lies aka removes conditions without having financing in place, that is one thing, but stating you can get sued if your financing falls through is deceiving and almost never the case.

    The reason we have a COF (Condition of Financing) written into an Offer to Purchase, is to protect a buyer so that this (a lawsuit) can never happen to them, it also ensures they get their deposit returned in the event of financing falling through.

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